# C_2008041EN.01002501.xml

| 15.2.2008 | EN | Official Journal of the European Union | C 41/25 |
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15.2.2008

EN

Official Journal of the European Union

C 41/25

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Prior notification of a concentration

(Case COMP/M.5059 — Crédit Agricole/POvita)

Candidate case for simplified procedure

(Text with EEA relevance)

(2008/C 41/14)

| 1. | On 8 February 2008, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which the undertaking Crédit Agricole SA (‘CASA’, France), via its affiliates Cassa di Risparmio di Parma e Piacenza SpA (‘Cariparma’, Italy) et Crédit Agricole Assurances Italia Holding SpA (‘CAAIH’, Italy) acquires within the meaning of Article 3(1)(b) of the Council Regulation control of the whole of POvita SpA (‘POvita’, Italy), currently under joint control of SAI Holding SpA (‘SAI’, Italy) and Cariparma, by purchase of shares. |
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1.

On 8 February 2008, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which the undertaking Crédit Agricole SA (‘CASA’, France), via its affiliates Cassa di Risparmio di Parma e Piacenza SpA (‘Cariparma’, Italy) et Crédit Agricole Assurances Italia Holding SpA (‘CAAIH’, Italy) acquires within the meaning of Article 3(1)(b) of the Council Regulation control of the whole of POvita SpA (‘POvita’, Italy), currently under joint control of SAI Holding SpA (‘SAI’, Italy) and Cariparma, by purchase of shares.

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| 2. | The business activities of the undertakings concerned are:






  — | for CASA: life and non-life insurance, banking, private banking, financial services in many countries, |
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2.

The business activities of the undertakings concerned are:

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for CASA: life and non-life insurance, banking, private banking, financial services in many countries,

| — | for Cariparma: banking and insurance services in Italy, |
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for Cariparma: banking and insurance services in Italy,

| — | for CAAIH: Italian holding company for CASA's participations in the insurance sector in Italy, |
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for CAAIH: Italian holding company for CASA's participations in the insurance sector in Italy,

| — | for POvita: life insurance in Italy. |
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for POvita: life insurance in Italy.

| 3. | On preliminary examination, the Commission finds that the notified transaction could fall within the scope of Regulation (EC) No 139/2004. However, the final decision on this point is reserved. Pursuant to the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004 (2) it should be noted that this case is a candidate for treatment under the procedure set out in the Notice. |
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3.

On preliminary examination, the Commission finds that the notified transaction could fall within the scope of Regulation (EC) No 139/2004. However, the final decision on this point is reserved. Pursuant to the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004 (2) it should be noted that this case is a candidate for treatment under the procedure set out in the Notice.

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| 4. | The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission.
  Observations must reach the Commission not later than 10 days following the date of this publication. Observations can be sent to the Commission by fax ((32-2) 29643 01 or 296 72 44) or by post, under reference number COMP/M.5059 — Crédit Agricole/POvita, to the following address:





  European Commission |
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| Directorate-General for Competition |
| Merger Registry |
| J-70 |
| B-1049 Bruxelles/Brussel |

4.

The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission.

Observations must reach the Commission not later than 10 days following the date of this publication. Observations can be sent to the Commission by fax ((32-2) 29643 01 or 296 72 44) or by post, under reference number COMP/M.5059 — Crédit Agricole/POvita, to the following address:

European Commission

Directorate-General for Competition

Merger Registry

J-70

B-1049 Bruxelles/Brussel

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(1)  OJ L 24, 29.1.2004, p. 1.

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(2)  OJ C 56, 5.3.2005, p. 32.

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